ATC 3-3 Research Assignment Analyzing Amazon.com's income statement Complete the following requirements using the most recent financial statements available 120x on Amazon.com's corporate website. Obtain the statements on the Internet by following the sters given. (Be aware that the formatting of the company's website may have changed since these instructions were written.) Go to www.amazon.com. At the bottom of the screen, under"Get to Know Us," click on "Investor Relations." Annual Reports and Proxies. Click on "20xx Annual Report" (the most recent year). Read the following sections of the annual report: The income statement, which Amazon.com calls the "Consolidated Statement of Operations" In the footnotes section, Note-Description of Business and Accounting Policies," r ad the subsections titled Revenues" and "Cost ofsales." Required a. What percentage of Amazon's sales end up as net income? b. What percentage of Amazon's sales go to pay for the costs of the goods being sold? pleted and record the related revenue? How does Amazon account for (report on its income statement) the shipping costs it incurs to ship goods to its customers? d. ATC 3-3 Research Assignment Analyzing Amazon.com's income statement Complete the following requirements using the most recent financial statements available 120x on Amazon.com's corporate website. Obtain the statements on the Internet by following the sters given. (Be aware that the formatting of the company's website may have changed since these instructions were written.) Go to www.amazon.com. At the bottom of the screen, under"Get to Know Us," click on "Investor Relations." Annual Reports and Proxies. Click on "20xx Annual Report" (the most recent year). Read the following sections of the annual report: The income statement, which Amazon.com calls the "Consolidated Statement of Operations" In the footnotes section, Note-Description of Business and Accounting Policies," r ad the subsections titled Revenues" and "Cost ofsales." Required a. What percentage of Amazon's sales end up as net income? b. What percentage of Amazon's sales go to pay for the costs of the goods being sold? pleted and record the related revenue? How does Amazon account for (report on its income statement) the shipping costs it incurs to ship goods to its customers? d